Should you forget about the world’s dominant cryptocurrency and buy Dogecoin, a popular meme coin, instead? Dogecoin’s gain in the past decade far outpaces Bitcoin’s. Dogecoin is a top choice for speculators.
Dogecoin’s price is well off its peak from nearly five years ago, and it’s showing no signs of making a recovery. Bitcoin has stronger brand recognition and deeper liquidity, and there’s an impressive financial services infrastructure supporting it.
During the past decade, Bitcoin’s price is up an awe-inspiring 20,260% (as of Jan. 8). This crushes the stock market’s performance. Bitcoin’s market cap of $1.8 trillion is 76 times that of Dogecoin. The former has long dominated the cryptocurrency market.
Bitcoin’s user base, node operators, miners, and developers all feed on each other, all increasing in size in a positive feedback loop. That has supported a higher price over time. The network effect is further supported by external products and services that are created to boost Bitcoin adoption and utility. Payments are interesting as well. Fintech powerhouse Block recently made it possible for its eligible U.S. merchants to accept Bitcoin directly as a form of payment from customers.
Dogecoin’s supply has no limit, with its coin count increasing by 10,000 every minute. Bitcoin, on the other hand, has a hard supply cap of 21 million coins, which is enforced by a predetermined halving schedule. The fact that there are 1.04 zettahashes of computing power per second, a number that has climbed steadily over time and helps keep Bitcoin secure, is another variable that makes it a safer bet over Dogecoin.
Looking out over the next five, 10, or 20 years, I’m confident Bitcoin will drastically outperform Dogecoin. During the past decade, Bitcoin’s price is up an awe-inspiring 20,260% (as of Jan. 8). Dogecoin’s price around $0.14 sits about 80% below its peak from May 2021. Dogecoin’s current full-time developer community includes 21 people working to advance the blockchain network. Meanwhile, Bitcoin has 833 full-time developers.
Bitcoin has delivered a 20,260% price increase over the past decade, far outpacing Dogecoin’s gains. Dogecoin trades around $0.14, about 80% below its May 2021 peak. Bitcoin’s dominance is underscored by a market cap of roughly $1.8 trillion, about 76 times larger than Dogecoin.
Dogecoin’s supply has no limit, with its coin count increasing by 10,000 every minute. Bitcoin, by contrast, has a hard supply cap of 21 million coins, enforced by a predetermined halving schedule. The security of the Bitcoin network is supported by approximately 1.04 zettahashes of computing power per second, a metric that has grown steadily over time. Payments are expanding as Block recently enabled eligible U.S. merchants to accept Bitcoin directly as a form of payment from customers.
Dogecoin’s current full-time developer community includes 21 people, while Bitcoin has 833 full-time developers. This gap in developer activity reflects differences in utility, ecosystem maturity, and ongoing innovation. Looking ahead over the next five, 10, or 20 years, Bitcoin is widely viewed as best positioned to outperform Dogecoin.
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